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The property comprises a high yielding retail investment occupying a prominent pitch on a popular parade.
Arranged as a ground floor retail unit with upper parts, the ground floor is let to William Hill Organization Limited on a 15 year lease expiring 2038 and paying £15,000 per annum. The lease includes a CPI linked rent review in 2028 (cap and collar 5%-10%). There is a further open market rent review and a tenant break option in the 10th year.
The upper parts comprise a flat, which is sold off on a long leasehold basis at a peppercorn ground rent with approx 111 years unexpired.
The property occupies a prominent pitch occupying a popular parade fronting Haydons Road, an arterial route connecting South Wimbledon Underground and Haydons Road Rail Station which serves as the pricnipal retail amenity for the surrounding residential area.
Tenure
Freehold
Rent